Canadian home sales climb in July on Toronto gains

Home sales over Canadian mls systems rose by 5.2% month-over-month in February 2017 to reach the highest level since April 2016. While February sales were up from the previous month in about 70% of all local markets, the national increase was overwhelmingly driven by an increase in activity across the Greater Toronto Area (GTA) and environs.

TORONTO, ONTARIO , July. gains. Canadian top-tier real estate market highlights included: Following a 5% year-over-year contraction in top-tier real estate market activity in 2017 compared to 2016,

 · Regionally, the association said New Brunswick is expected to see sales rise 10.6 per cent this year, while Quebec is forecast to climb 7.7 per cent. Ontario is expected to gain 3.9 per cent.

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Retail sales in Canada rose in April for a third month on higher receipts at new car dealerships and gasoline stations, though the increase wasn’t as large as expected. Sales advanced 0.1 per cent in April, Statistics Canada reported Friday in Ottawa. That was less than the 0.2 per cent median forecast in a Bloomberg survey of economists.

Home sales in the Greater Toronto Area (GTA) increased by 16 per cent, accounting for more than two-thirds of the national increase. The continued rebound put November sales activity slightly over halfway between March 2017’s peak in sales, and the low reached in July.

According to statistics released by the Canadian Real Estate Association (CREA), national home sales rose 4.5 per cent from November to December, the fifth consecutive monthly sales increase. Activity in December was up in nearly 60 per cent of all local markets, led by the Greater Toronto Area (GTA), Edmonton, Calgary, the Fraser Valley, Vancouver Island, Hamilton-Burlington and Winnipeg.

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The mid-month Toronto housing market report is in. Toronto saw positive gains for detached homes and condo townhouse sales, compared to the first two weeks of August in 2017, but it also saw some losses, in the latest analysis just released by Zoocasa.. READ: Canadian Home Sales Boosted In July, Led By Greater Toronto Area

The national average sale price rose 9.4% on a year-over-year basis in March; excluding greater vancouver and Greater Toronto, it increased by 2.4%. \n \n. The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations rose by 4.1 per cent in March 2015 compared to February. \n

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